Pacific Ridge Expl Ltd - PEXZF STOCK NEWS

Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) has announced the effective date for its previously reported share consolidation. The consolidation, set for January 23, 2025, will be conducted on a 10:1 ratio, where every ten pre-consolidation shares will be converted into one post-consolidation share.

Following the consolidation, the company will have approximately 17.0M common shares outstanding with a market capitalization under CAD$5.0M. Pacific Ridge will maintain control of eight copper projects across America and Canada, with over $20.0M spent on Canadian projects since 2021. The company plans to seek partners for Canadian copper projects while focusing on recently optioned copper and gold projects in America.

The shares will continue trading on the TSXV under the symbol 'PEX' with new CUSIP and ISIN numbers. No fractional shares will be issued, and any fractional interests will be rounded down. The consolidation will proportionally adjust outstanding warrants, options, and similar securities.

Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) has announced its participation in AME Roundup, where management will showcase their project portfolio at booth #216 from January 20-23. The company will display drill core from its Chuchi copper-gold project at the Core Shack booth #1026 on January 20-21.

The company recently acquired options for four new copper and gold projects in the U.S.: Mineral Hill gold project in Wyoming, Red Star copper project in Utah, Ripsey West copper project in Arizona, and Royston copper project in Nevada. These acquisitions bring their total copper project portfolio to eight properties across America and Canada.

For 2025, Pacific Ridge plans to focus on these new U.S. projects while seeking partners for their 100% owned Kliyul and RDP copper-gold projects in B.C. Additionally, the company intends to create value through spinning out their gold projects, including the Yukon-based Mariposa, Eureka Dome, and Gold Cap projects, along with the newly acquired Mineral Hill, into a new North American gold exploration company.

Pacific Ridge Exploration has entered into option agreements with Bronco Creek Exploration (BCE), a subsidiary of EMX Royalty , to acquire a portfolio of copper and gold projects in the United States. The agreement includes exclusive options to acquire 100% interest in four projects: Mineral Hill (Wyoming), Red Star (Utah), Ripsey West (Arizona), and Royston (Nevada).

The acquisition positions Pacific Ridge as one of North America's leading copper exploration companies, with projects in premier mining districts. The company plans to spin out its Yukon gold projects to create a new North American gold-focused exploration company. The new projects are all road accessible, allowing year-round exploration, and are located in mining-friendly states that rank highly in the Fraser Institute's 2023 annual mining survey.

Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZ) has provided an overview of its 2024 activities and 2025 plans. In 2024, the company raised $3,467,999 to advance its copper-gold porphyry projects in British Columbia. Key achievements include completing an inaugural diamond drill program at Chuchi with 2,716m in five holes, conducting a ZTEM survey at Kliyul, and performing an IP survey at Redton.

For 2025, Pacific Ridge plans to diversify its portfolio by acquiring copper porphyry projects in the United States during Q1, spin out its Yukon gold projects into a new company in H1, and pursue a joint venture partner for Kliyul. The company aims to expand its footprint into areas with some of the world's largest copper porphyry mines while maintaining its focus on copper-gold porphyry exploration in British Columbia.

Pacific Ridge Exploration announced exceptional results from its inaugural drill program at the Chuchi copper-gold project in British Columbia. The company completed 2,716 meters in five diamond drill holes across the BP Zone, with every hole intersecting copper-gold mineralization. Notable results include drill hole CH-24-073 returning 65.0m of 0.42% copper equivalent within 382.0m of 0.27% copper equivalent. The program revealed two mineralized porphyritic intrusions at the BP Zone and Digger Zone, suggesting the presence of a large porphyry system that remains open laterally and at depth. The project is located 35 km northwest of Centerra Gold's Mount Milligan Mine and is road accessible.

Pacific Ridge Exploration has announced results from an airborne ZTEM survey at its Kliyul copper-gold project in British Columbia. The 541 line-kilometer survey covered 85% of Kliyul and strengthens confidence that drill hole KLI-23-069 intersected a mineralized quartz diorite porphyry stock north of the Kliyul Main Zone (KMZ).

The survey identified a potentially mineralized 700m NNE-trending corridor from KMZ to the Darb Creek pluton. Results support the company's interpretation that KMZ is one of multiple mineralized porphyry centres associated with a deep source pluton. The company plans to conduct 3-D modeling of the ZTEM results and integrate them with existing data to define future drilling targets.

Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) announces that an induced polarization (IP) geophysical survey at its Redton copper-gold project in British Columbia has confirmed a porphyry exploration target within 3 km of NorthWest Copper Corp.'s Kwanika South Zone deposit. Key highlights include:

1. Redton covers over 34 km² and adjoins NorthWest's Kwanika property.
2. The 2024 IP survey comprised 7.5 line-kilometers in three reconnaissance lines.
3. The survey identified a compelling target at the Northeast Kwanika South (NEX) area.
4. NEX lies at the intersection of an interpreted cross-structure with an NNW-trending lithological contact boundary.

The IP survey results, combined with structural interpretation, airborne magnetics models, soil geochemistry, and favorable geology, have increased confidence in identifying a potential new porphyry discovery. Pacific Ridge plans to follow up with additional infill survey lines and a possible drill program.

Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) has completed its inaugural drill program at the Chuchi copper-gold project in B.C., intersecting copper mineralization in every drill hole. The program covered 2,716 m in five diamond drill holes over a 750 m strike length across the BP Zone (BPZ). Key points:

1. Every drill hole intersected alkalic porphyry copper mineralization.
2. The BPZ shows potential for expansion along strike and at depth.
3. Chuchi is located 35 km northwest of Centerra Gold's Mount Milligan mine.
4. The BPZ is one of several porphyry targets within a six-kilometre north-northwest trend at Chuchi.
5. The drill program was ground-supported and located a two-hour drive from Fort Saint James.

The company believes the BPZ has significant untested potential for porphyry copper-gold mineralization, as many historical drill holes were shallow and ended in mineralization. Assay results are pending and will be released once received and compiled.

Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) has initiated an induced polarization (IP) geophysical survey at its 100% owned Redton copper-gold project in northcentral British Columbia. The survey comprises eight line-kilometres across three reconnaissance lines, targeting three areas in the northern half of the project.

Key points:

• Redton adjoins NorthWest Copper Corp.'s Kwanika copper-gold deposits
• The project features a 5-km-long north-northwest trend of porphyry copper-gold targets
• The survey aims to identify IP geophysical signatures for future follow-up and potential drilling
• Target areas include the East Swan, Redton East, and NEX targets

Pacific Ridge's President and CEO, Blaine Monaghan, expressed optimism about identifying future drill targets through this survey.